I've taken a list of English words, and examined each of them to see what they sound like (using the PHP metaphone function). This page lists the most common metaphone codes, along with their words. You can also search for a word of your own, and see which words sound similar - and which ones rhyme, and which ones alliterate.
malty malt milty melty malady mallet maloti malate maillot molt milt melt maleate moult moldy molto milady mullet millet mouldy mauled malled mailed melody miauled mildewy mulatto mullite meld mild mold
fealty malty salty realty lealty alt vaulty kilty salt fault palet valet malt floaty alit laity fluty vault jollity baldy faulty polity silty shalt milty zealot gault sault melty platy reality quality alto guilty slatey dealt chalet rialto halt nullity jolty slaty zloty duality chalot shelty
mail maile maill male mall mallee mallei mallow maul meal mealie mealy small